Stocks ended week yesterday upwards, with maintaining a consistent gain while economic update and regulators’ move drove the market towards positive direction, reports BSS. The DSEX index of Dhaka Stock Exchange (DSE) advanced by 21.52 points at the last session and closed the week at 4651.03,…

President of the Greater Khulna Development Action Coordination Committee (GKDACC), a committee constituted by locals of Khulna - Sheikh Ashraf-uz-Zaman - has demanded establishment of a state-run fertiliser factory in any district under Khulna division to ensure ample supply of fertiliser, reduce transportation…

AFP, VIENNA: Iran will not bow to pressure to avoid increasing its oil output following the lifting of sanctions despite slumping crude prices, its oil minister insisted here yesterday. “We don’t accept any discussion about the increase of Iranian production after  lifting the sanctions,”…

Power Grid Company of Bangladesh (PGCB) will set up a 230 kV transmission line from Mongla to Khulna to evacuate electricity to the Mongla port-adjacent areas from the planned 1,320 MW Rampal coal-fired power plant, reports UNB. The state-owned transmission entity yesterday signed a contract with joint…

AFP, HONG KONG: The euro tumbled against the dollar yesterday as dealers bet on fresh stimulus from the European Central Bank later in the day, while most Asian stock markets fell following the previous day’s gains. Asian energy firms tracked losses in their US counterparts as a supply glut and…

Bangladesh Bank Governor Atiur Rahman has urged the SAARC member central banks to design a process to appropriately contextualize the Sustainable Development Goals (SDGs) at the regional level in the payment systems arena. “I believe adoption of a realistic, pragmatic, and step-by-step approach…

AFP, LONDON: Energy major Royal Dutch Shell’s enormous takeover of British rival BG Group has won final approval from the Australian government, it said yesterday. Shell announced in a statement that its recommended £55-billion (US$84-billion, 79 billion-euros) acquisition of BG Group has…

Dhaka Chamber of Commerce and Industry (DCCI) yesterday congratulated Prime Minister Sheikh Hasina as she was named among the world’s 100 leading global thinkers, reports UNB. Foreign Policy, a Washington-based prestigious magazine, named the PM in recognition to her outstanding contributions…

Motaleb Hossain has been promoted to the deputy managing director of Standard Bank Limited, the bank said in a statement yesterday. Hossain started his banking career with Arab Bangladesh Bank Limited in 1987 and joined Standard Bank Limited in 2014.    

Bangladesh Internet Exchange Limited (BIEL) - brand name Ollo wireless internet started 4G LTE network in Sylhet yesterday, says a press statement yesterday. Initially, Ollo has started this network in Sylhet with one BTS and hopefully by next month the coverage area will be expanded with two more BTSs,…

Lighting Asia Bangladesh (LAB) is going to launch a yearlong campaign titled “Shurjobati” from December 6 aiming to eliminate darkness in off-grid areas and raise awareness about using environment-friendly solar system across the country, reports UNB. Lighting Asia Bangladesh is a joint…

A three-day exposition on solar power and construction materials began in the capital’s Bashundhara Convention City yesterday, reports UNB. Housing and Public Works Minister Engineer Mosharraf Hossain inaugurated the exhibition on construction materials while Prime Minister’s Energy Adviser…

CodersTrust will organise an ‘Hour of Code’ programme in Dhaka, and between 7th to 13th December. Technology enthusiasts can participate in hour long coding tutorials to get introduced to the world of programming, says a press release. To encourage everyone to learn writing codes, the ‘Hour…

Apollo Hospitals Dhaka is providing online appointment and payment services to its patients, says a press release. Apollo Hospitals recently signed an agreement with SSL Wireless to implement the online services by integrating SSLCOMMERZ, the statement added. The patients can avail this online bill…

AFP, WASHINGTON: Federal Reserve Chair Janet Yellen stoked expectations of a looming rise in the benchmark federal funds rate Wednesday, saying she expects…

AFP, BEIJING: China’s $400 million stake in Premier League giants Manchester City underlines the nation’s soaring ambitions in football—and…

AFP, FRANKFURT: The European Central Bank is widely expected to step up efforts to kick start chronically low inflation in the euro area at a meeting yesterday, but analysts warn the measures could fall short of market expectations. At the ECB’s last monetary policy meeting of the year, president…

AFP, SYDNEY: It is a battle being played out around resource-rich Australia. In one corner ecologists, and climate change campaigners, who warn coal mines…